China Clears Way
For More IPOs

State-Owned Firms
To List on Hong Kong
Before Local Bourses

BEIJING &ndash; China's securities regulator has allowed more of the country's state-owned enterprises to list shares for the first time -- primarily in Hong Kong, a senior government official said.

"The China Securities Regulatory Commission has approved several companies to list shares, but most of those will list in Hong Kong," Li Rongrong, chairman of the State-owned Assets Supervision and Administration Commission,...